Polygon has awarded Folks Finance a $300,000 grant to enhance crosschain lending. Folks Finance's decentralized lending protocol aims to address liquidity fragmentation by utilizing a unique 'hub-and-spoke' architecture. This grant, provided in three installments, signifies a strategic move in Polygon's lending sector, especially with Aave reducing its presence on the network. The grant will improve liquidity, user experiences, and borrowing/lending safety across various blockchains. Users can earn 'Folks Points' for engaging with the protocol. Unlike traditional multichain systems, Folks Finance consolidates liquidity from different chains into a single hub, enabling seamless cross-chain transactions without the need for bridges. The collaboration between Folks and Polygon is seen as a positive step towards advancing crosschain lending. With support from Avalanche and Arbitrum Foundations, Folks Finance is poised to revolutionize crosschain lending and provide new opportunities for users.